Shopify (SHOP) will release its fourth-quarter financials on Wednesday, Feb. 11. Ahead of earnings, SHOP stock has come under pressure, declining by about 31% in the past month. Concerns around the stock’s valuation and broader geopolitical uncertainty have weighed heavily on sentiment, pushing many investors to the sidelines. Despite the recent selloff, Shopify’s underlying business performance remains solid. The company has shown that it can grow rapidly while maintaining and improving profitability. I ...

摩根士丹利认为，软件估值的大幅回调已经在九家主要科技公司中创造了买入机会，他们认为市场对生成式AI颠覆的担忧已经过度。 微软 被描述为"明确参与最重要创新周期的公司"，而财捷集团的估值被标记为"非常具有吸引力"。与此同时，Salesforce的AI相关年度经常性 收入同比增长114%。Shopify被视为"最有能力在不断扩大的在线商务蛋糕中获取超过其公平份额的公司"。 该银行表示，生成式AI代表了一个重要的长期机遇，估计到2028年，它可能为"更广泛的企业软件总可寻址市场增加约4000亿美元"。 Weiss补充道："底线是： 问题不在于软件最终是否会在这个创新周期中实现货币化，而在于谁将参与其中。 " 他补充说，"在约4.4倍企业价值/销售额的水平上，平均软件估值倍数已回到上次公共云高度不确定性时期的范围。" 该分析师指出，投资者低估了现有供应商从AI采用中受益的能力。 根据该报告，"关于生成式AI的悲观论点似乎对现有软件供应商参与这一创新周期的能力给予了太少的信任。" 摩根士丹利强调了 微软 、 财捷集团 、 Salesforce 、 ServiceNow 、 Atlassian 、 Snowflake 、 ...

It’s another big week of earnings with a lot of important companies due to report. This week we have Robinhood Markets (HOOD), Coinbase (COIN), Cisco Systems (CSCO), Applovin (APP), Shopify (SHOP), Arista Networks (ANET), Cloudflare (NET), Spotify (SPOT), Airbnb (ABNB) and McDonald’s (MCD) all reporting in what shapes as a busy and pivotal week for stocks. Before a company reports earnings, implied volatility is usually high because the market is unsure about the outcome of the report. Speculators and he ...

Economic Data - The People's Bank of China will release January CPI and PPI on February 11 [1] - The National Bureau of Statistics will publish the monthly report on January commodity residential sales price index on February 13 [1] - Financial data including January social financing and new RMB loans will also be released next week [1] - In the US, December retail sales month-on-month will be announced on February 10, followed by January unemployment rate and non-farm employment data on February 11 [1] Earnings Reports - The US earnings season continues with several notable companies reporting next week, including BP, Barclays, Marriott, Coca-Cola, and AstraZeneca on February 10 [2] - Other companies such as NetEase, Youdao, and Total will report on February 11, while TripAdvisor and Hyatt will report on February 12 [2] - In Hong Kong, SMIC will report earnings on February 10, followed by Budweiser APAC and NetEase Cloud Music on February 11 [2] New Stock Issuance - One new stock, Tongbao Optoelectronics, will be available for subscription on February 9, with Ai De Technology listing on the Beijing Stock Exchange on February 10 [2] - Several new stocks will list in Hong Kong, including Lanke Technology on February 9 and Aixin Yuanzhi on February 10 [2] Stock Unlocking - A total of 33 restricted stocks will be unlocked next week, with a total market value exceeding 36 billion yuan, led by Hunan YN with 24.096 billion yuan [3][10] Central Bank Operations - The central bank will have 4.055 billion yuan of reverse repos maturing next week, with specific amounts maturing each day [3][10] Government Bonds - The Ministry of Finance will issue the first phase of RMB government bonds in Hong Kong on February 11, with a scale of 14 billion yuan [13]

Core Insights - Analysts project Shopify (SHOP) will report quarterly earnings of $0.50 per share, reflecting a 13.6% year-over-year increase, with revenues expected to reach $3.58 billion, a 27.3% increase from the same quarter last year [1] Revenue Estimates - 'Revenues- Merchant solutions' are estimated to be $2.80 billion, indicating a 30.5% increase from the prior-year quarter [4] - 'Revenues- Subscription solutions' are projected to reach $777.54 million, reflecting a 16.8% increase from the same quarter last year [4] Gross Merchandise Volume and Recurring Revenue - Analysts estimate 'Gross Merchandise Volume (GMV)' will be $119.96 billion, compared to $94.46 billion a year ago [5] - The estimated 'Monthly Recurring Revenue (MRR)' is $199.05 million, up from $178.00 million in the same quarter last year [5] Gross Profit Estimates - 'Gross Profit- Merchant solutions' is forecasted at $1.03 billion, compared to $820.00 million from the previous year [6] - 'Gross Profit- Subscription solutions' is expected to reach $633.57 million, up from $532.00 million in the same quarter last year [6] Stock Performance - Over the past month, Shopify shares have decreased by 33.9%, while the Zacks S&P 500 composite has only decreased by 1.5% [6] - Currently, Shopify holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6]

Group 1 - Major earnings reports are scheduled for next Tuesday from AstraZeneca PLC, Coca-Cola Company, and S&P Global Inc., with a focus on healthcare and technology sectors [1] - Wednesday will feature earnings from McDonald's Corporation, T-Mobile US Inc., and Shopify Inc. pre-market, followed by Cisco Systems Inc. after market close [1] - The week will conclude on Friday with significant energy reports from Enbridge Inc and TC Energy Corporation [1]

Core Insights - By 2026, artificial intelligence (AI) has transformed from a tech trend to a core force reshaping the cross-border e-commerce industry, driven by platforms like Amazon, TikTok, and Shopify [1][3] - The introduction of "AI + cross-border e-commerce" as a new model has marked the beginning of a new phase in the industry, emphasizing the importance of intelligent technology [1] Group 1: Platform Innovations - Major platforms have fully embraced AI, redefining competition rules; Amazon highlighted AI as the "next-generation cross-border chain" at the 2025 summit, integrating conversational AI shopping assistant Rufus into the search box, changing the shopping path from "keyword search" to "demand description" [3] - Shopify enhanced its AI assistant Sidekick with around 150 updates in 2025, enabling it to understand business issues deeply and generate actionable plans, significantly shortening the path from analysis to action [3] - TikTok Shop introduced an AIGC short video tool, allowing sellers to automatically generate and publish promotional videos at a low cost, reducing the barriers to content creation and customer acquisition [3] Group 2: Seller Adaptation - Leading sellers have built competitive barriers through comprehensive AI integration; however, many small and medium-sized sellers face high costs and risks in developing their own AI systems, necessitating quick-deployment AI solutions [5] - Yicang Technology's Maido AI focuses on automating advertising, inventory, and competitor monitoring, helping sellers reduce ACOS by 15%-30% through its "No Word Intelligent Agent" and providing dynamic collaboration between inventory and traffic [5] - Maido AI's "Operational Eye" monitors ASINs for price changes and negative reviews, offering real-time alerts to help sellers respond effectively [5] Group 3: Consumer Behavior Changes - AI has significantly altered shopping habits, with Salesforce reporting that AI and agent-recommended traffic drove 21% of global online orders during the 2025 holiday season, leading consumers to rely on AI as a "shopping advisor" [7] - Sellers are required to provide higher quality product information and smarter shopping experiences to meet consumer expectations; Maido AI's "Image and Text Assistant" helps sellers generate high-conversion visual materials effortlessly [7] - Maido AI's capabilities in analyzing user needs and competitive landscapes assist sellers in creating products and listings that align with market expectations, positioning them advantageously in the AI-driven e-commerce ecosystem [7] Group 4: Challenges and Future Outlook - The widespread adoption of AI brings challenges such as content homogenization, fake reviews, and organizational changes due to job displacement; Maido AI aims to empower sellers with data-driven insights rather than merely replacing roles [9] - The 2026 cross-border e-commerce landscape sees platforms like Amazon, TikTok, and Shopify rewriting the rules through AI, while specialized solutions like Maido AI become crucial for sellers to adapt and build new competitive advantages [9]

Core Viewpoint - The software industry is experiencing significant stock declines due to fears that AI will disrupt traditional software, although some industry leaders believe this concern is exaggerated [1][2][3]. Group 1: Software Industry Overview - Software stocks have dropped sharply, with the iShares Expanded Tech-Software ETF down 21% year-to-date, primarily in the last week [2]. - Nvidia CEO Jensen Huang argues that AI will enhance rather than replace existing software, suggesting that the software industry is not in decline [3]. Group 2: Company Analysis Microsoft - Microsoft has a strong presence in enterprise software and its Azure cloud infrastructure is growing rapidly, with a 39% revenue increase in the latest quarter [5]. - Despite its financial strength, Microsoft stock has fallen 25% from its peak in the last three months due to concerns over rising capital expenditures for AI initiatives [6][8]. - The stock is currently trading at a price-to-earnings discount compared to the S&P 500, presenting a potential buying opportunity [8]. Shopify - Shopify has seen a 38% decline from its peak at the end of October, but it remains a leader in e-commerce software [9]. - The company reported a 32% revenue increase to $2.8 billion in its most recent quarter, indicating strong growth potential [12]. - Shopify is integrating AI into its platform, which may help it maintain its competitive edge [10]. Figma - Figma's stock has dropped about 85% from its peak, despite being a leader in design software and having a history of GAAP profitability [13][15]. - The company is actively incorporating AI into its product offerings, which may enhance its market position [15]. - Figma's skills are in high demand, indicating a competitive advantage in the job market [15].

Core Viewpoint - AI application software stocks experienced a significant decline following the announcement of Google's "Project Genie," which allows users to create and interact with virtual worlds [1] Group 1: Stock Performance - Shopify (SHOP.US), Cloudflare (NET.US), and ServiceNow (NOW.US) all fell over 7% [1] - SAP SE (SAP.US) and Salesforce (CRM.US) dropped more than 5% [1] - Applovin (APP.US) decreased by over 3% [1] Group 2: Google's Announcement - Google introduced "Project Genie," a product that supports the creation and interaction of virtual worlds [1] - The company stated that even in its early version, trusted testers can create diverse and engaging virtual worlds and experiences [1] - Google has launched a prototype version of "Project Genie" for AI Ultra paid subscribers in the U.S. [1]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking technology adopter, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]